Sat.Dec 16, 2023 - Fri.Dec 22, 2023

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What’s the Right Balance Between Open Innovation and Internal Innovation?

HYPE Innovation

Innovation, as defined in the OECD's Oslo Manual (2018), is the introduction of a new or significantly improved product, process, marketing method, or organizational practice within business operations, reflecting the evolving landscape of modern workplaces.

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Embracing the power of dynamic ecosystems.

Paul Hobcraft

Innovation’s power lies in the ability to adapt, evolve, and collaborate, and our need is to make this as much of a dynamic ecosystem as possible to tackle the growing complexity and challenges we are facing today and in the future. In recent weeks, I have been deepening my thinking on innovation ecosystems and the dynamics within these that can make them different by giving them this “dynamic focus.” So, it is time to embrace the power of dynamic ecosystems – where innovation

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Eight Innovation Executive Types

Innovation Excellence

GUEST POST from Stefan Lindegaard Don’t put your leaders in boxes, but don’t ignore the signs neither. Look for traits, behaviors and action – or lack there or. Use the insight to make your leaders and executive teams – and thus your organization – even better at shaping the future. 1.

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10 Proven Ways to Foster a Culture of Innovation and Drive Your Business to the Top

IdeaScale

In today's fast-paced business world, foster a culture of innovation is crucial for staying ahead of the competition. By encouraging new ideas, creative thinking, and experimentation, companies can continuously improve their products and services, streamline processes, and stay relevant in an ever-changing market. Ten proven ways: Foster a culture of innovation 1.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Navigating the Uncharted: A Reflection on 2023 and Strategic Planning for 2024

CMOE

As 2023 comes to a close, it is the perfect time to reflect on lessons we’ve learned throughout the year and plan for 2024’s uncertainties. Maybe your strategy was successful, and perhaps it didn’t pan out, but you certainly faced unexpected challenges and victories that you didn’t plan for. From industry shifts to policy changes to personal triumphs, each experience provides valuable insights, and the agility of navigating these experiences and challenges shows both the need to adapt your

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This new recycled packing material could replace bubble wrap

Idea to Value

Sometimes, an innovation comes around that is so simple, it makes you think “ why didn’t I think of that?” I just came across another such example from renowned innovation powerhouse 3M. They have found a way to use a principle of origami to create sheets of cardboard which fold themselves into packing material when stretched. Check out this video to find out how it works.

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Elevate Innovation: Assessing Maturity with IdeaScale’s Quiz

IdeaScale

In the dynamic landscape of business, embracing innovation is more than a trend; it's a strategic imperative for organizations seeking growth and investment opportunities. IdeaScale, a trailblazer in idea and innovation management software introduces an insightful quiz – "How Mature is your Innovation Program?" This innovative survey, drawing from the extensive collaboration with 4.5 million [.

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How to Get the Honest Input You Need from Your Employees

Harvard Business Review

Leaders often struggle to get complete, unfiltered information from the people around them. This wealth of unspoken information represents a great untapped resource for today’s leaders, and yet most remain at a loss for how to reliably access it. Common tactics for overcoming this problem, such as taking another’s perspective or reading their body language, simply aren’t sufficient.

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The 'Easy' Side Hustle He Started in College Hit More Than $1 Million in Revenue — and Taught Him 3 Business Lessons He Still Uses Today

Entrepreneur - Innovation

Michael Seaman started a hugely successful Etsy side hustle. Now he's the co-founder and CEO of payment processing firm Swipesum. Read more about his journey.

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Is AI Saving Corporate Innovation or Killing It?

Innovation Excellence

GUEST POST from Robyn Bolton AI is killing Corporate Innovation. Last Friday, the brilliant minds of Scott Kirsner, Rita McGrath, and Alex Osterwalder (plus a few guest stars like me, no big deal) gathered to debate the truth of this statement.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Discovering Your Innovation Persona with IdeaScale’s Quiz: Unleash Your Creativity

IdeaScale

In the fast-paced world of innovation, understanding and embracing your unique innovation style can be a game-changer. IdeaScale, a leading SAAS company offers an engaging and insightful quiz titled "What is your Innovation Persona?" Through a series of thought-provoking questions, this quiz promises to unveil your innovation style by drawing parallels with famous innovators.

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When Analytics Should Drive Sales Decisions — and When They Shouldn’t

Harvard Business Review

As AI proliferates, companies are using it to offer data-driven recommendations on a wide range of activities, from whom to hire to what product a salesperson should recommend to customers. How much to rely on these data-driven recommendations should hinge on two questions: How high are the decision stakes? And how reliable is the data-driven insight?

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Creativity Amid The Chaos: The View From The Drucker Forum

Bill Fischer

Chaos and creativity, are often linked in the hope that out of chaos, new ideas can emerge. We believe this requires significant changes in leadership and organization.

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We Change the World with Ecosystems Not Inventions

Innovation Excellence

GUEST POST from Greg Satell Imagine yourself as the CEO of a Dow component company in 1919. You are fully aware of the technological forces that would shape much of the 20th century, electricity and internal combustion. You may have even be an early adopter of these technologies. Still, everything seems like business as usual.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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Retirement Reinvented: Why Learning, Experimenting, and Serving Others Hold the Key to a Prosperous Future!

Daniel Burrus

The two most important days in your life are the day you were born and the day you find out why you were born. Personally, I know I was put on this Earth to teach other business leaders and working professionals. Life is about purpose —finding your purpose and living your purpose both in your professional life and your personal life. Purpose is what gives us motivation and makes our working lives enjoyable.

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6 Kinds of Board Members — and How to Influence Them

Harvard Business Review

Boards are not monolithic. They often are composed of people with different kinds of personalities. This article describes six types: the narcissist, the data chaser, the deferential, the status hound, the unprepared, and the stakeholder champion. It offers tactics for influencing each.

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Can Business Schools Teach Transformation?

100%Open

In today’s competitive business environment, organisations aspire to cultivate high-performance cultures that champion team innovation, agility, and the realisation of strategic objectives. At the forefront of this transformative journey are leaders equipped with the right mindset and skills, and business schools play a pivotal role in shaping such dynamic leaders.

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Price is Relevant Only in the Absence of Value

Innovation Excellence

GUEST POST from Shep Hyken The title of this article may sound like a lesson in sales, but it’s much bigger than that. It’s about the entire customer experience. If a promise to provide value in the CX is built into a company’s mission and values statements, it potentially becomes part of the culture.

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How Mature Companies Are Scaling Transformational New Businesses

Scaling transformational innovations in large companies is challenging due to ‘Company Fit’ issues, which arise when the resources, processes, and priorities (RPPs) of the core business are not aligned with the needs of the new business. Many companies have learned how ambidexterity—the ability to both ‘exploit the present and explore the future,’ can help them address these issues for ideation and incubation of new innovations, but scaling transformative business innovations remains a challenge

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Transforming Your Business with Bottom-Up Management: The Design Thinking Way

Tullio Siragusa

Transforming Your Business with Bottom-Up Management: The Design Thinking Way In the ever-evolving landscape of modern business, a significant shift is occurring from traditional top-down management to a more inclusive and innovative strategy: bottom-up management. At the heart of this shift is Design Thinking, a method that empowers organizations to address complex problems with creative and human-centric solutions.

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Are You a “Bottleneck Boss”?

Harvard Business Review

More often than not, a firm that’s losing great employees year after year is being negatively affected by a leader’s bottleneck-style behaviors. These leaders don’t think they’re bottlenecks, but they’re often standing in the way of high-potential employees’ progress. To remove these bottlenecks in businesses, the author outlines the signs of a bottleneck leader and three strategies to delegate responsibilities and allow high-potential employees to take on more ownership: 1) Figure out who your

Strategy 134
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Dealing with the raw emotions of the Cop28 event

Innovating4Energy

That CoP28 was an event that catches many of the basic emotions we are going through for managing the Energy transition to rapidly move towards a safer, sustainable climate and balance with nature. I was reflecting on the different parts and sought a way to describe these “emotions” as my reflection of the CoP28 event and all it means to me. The Energy Transition: Navigating a Turbulent Sea The energy transition is a complex and challenging journey, akin to navigating a turbulent sea.

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Stuff Your Stoking with Innovation for $4.96

Innovation Excellence

Wow! Exciting news! While supplies last you can get the hardcover version of my best-selling book Stoking Your Innovation Bonfire for only $4.96 (86% off), including free delivery in the USA from Amazon! Sorry, unfortunately Amazon doesn’t have a discount on the kindle version, which remains at $28.00, so this is quite the deal!

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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2023 Innovation Resources Wrapped: Entrepreneurial Books, Podcasts and Tools

Innovators Alliance

As recommended by IA Members One of the most valuable elements of Innovators Alliance (IA), and something that sets our membership apart from other CEO Networking groups like TEC, YPO, and CEO Global is the fact that Innovators Alliance is the only peer-to-peer membership that is specifically for entrepreneurs. The knowledge and experience of the IA network of entrepreneurs is tremendously valuable, and something that will continue to inspire and sustain the membership.

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How Banks Can Stay Resilient As AI Becomes More Disruptive

Harvard Business Review

Historically, disruption is extremely rare. Only 23 of the 568 companies included in the Fortune 500 since 1997 were under 15 years old when they entered. But right now, there are three forces converging that might transform finance and other industries. The first is the explosive growth of AI. The second is a massive migration of tech talent from big finance to big tech.

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AI Generation of Audio and Video

Stephen Shapiro

I’m playing around with Pictory, an AI software that generates voices from text, and then selects videos that match the text. The first version of the video was generated with no edits. I used the defaults for everything. It literally took less than one minute to create it. I uploaded a text summary of my PIVOTAL book and this is what it generated without any intervention.

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Nominations Open – Top 40 Innovation Bloggers of 2023

Innovation Excellence

Human-Centered Change and Innovation loves making innovation insights accessible for the greater good, because we truly believe that the better our organizations get at delivering value to their stakeholders the less waste of natural resources and human resources there will be.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Five Must-Have Features for Innovation Management in 2024

PlanBox Innovation

Creating an innovation approach that is as effective as it is exciting should be the focus of every innovator. As we embark on the “ corporate innovation odyssey ” that is 2024 (as Planbox CEO Ludwig Melik calls it), equipping ourselves with the right features in our innovation toolkit cannot be overstated. The innovation management landscape is evolving at an unprecedented pace, driven by technological advancements like AI-enhanced self-service and emerging frameworks like ISO 56000.

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The Hard Questions to Ask When Planning Your Strategy

Harvard Business Review

Many managers view strategy as a complex subject, but at its essence it boils down to three questions: Where are we now? Where do we want to go? What is a credible path to get there? To successfully use these questions to chart a course, people must be brutally honest with themselves about where they are now. Once a company understands its present situation, it can chart a path to creating a truly differentiated offering that can create economic value.

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Building community to expand social capital insights

Christensen Institute

As we wrap up 2023, we’re looking back on a great year’s worth of learning and connecting with many of you. This year, we deepened our work with three national intermediaries working across 20 career-connected learning sites to launch social capital pilots. Our partnerships with Education Strategy Group, Generation Schools Network, and Hawaii P-20 yielded 10 key lessons in piloting social capital initiatives within career pathways.

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What’s Next?

Innovation Excellence

GUEST POST from Mike Shipulski Anonymous: What do you think we should do next? Me: It depends. How did you get here? Anonymous: Well, we’ve had great success improving on what we did last time. Me: Well, then you’ll likely do that again. Anonymous: Do you think we’ll be successful this time? Me: It depends.

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Implementing Intelligent Document Processing Solutions: Why It Works

See how companies like yours are tackling some of today’s most common business problems using AI-assisted automation for document processing. Manually capturing, extracting, and processing data within documents is a costly and outdated practice that’s holding your company back. IDP takes document processing to a whole new level so you can understand and use your data more effectively than ever before.